UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 10)*
COMPANIA ANONIMA NACIONAL TELEFONOS DE VENEZUELA (CANTV)
--------------------------------------------------------------------------------
(Name of Issuer)
NATIONAL TELEPHONE COMPANY OF VENEZUELA (CANTV)
--------------------------------------------------------------------------------
(Translation of Name of Issuer into English)
CLASS D COMMON SHARES,
NOMINAL VALUE Bs. 36.90182224915 PER SHARE (the "Class D Shares")
AMERICAN DEPOSITARY SHARES EACH REPRESENTING
SEVEN CLASS D SHARES (the "ADSs")
--------------------------------------------------------------------------------
(Title of Class of Securities)
P3055Q103 (Class D Shares); 204421101 (ADSs)
--------------------------------------------------------------------------------
(CUSIP Number)
Marianne Drost, Esq.
Senior Vice President, Deputy General Counsel and Corporate Secretary
Verizon Communications Inc.
140 West Street, New York, New York 10007
(212) 395-1000
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
with copies to:
Matias A. Vega, Esq.
Curtis, Mallet-Prevost, Colt & Mosle LLP
101 Park Avenue
New York, New York 10178
(212) 696-6000
April 3, 2006
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the
following box. [ ]
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. P3055Q103 (Class D Shares)
204429101 (ADSs)
--------------------------------------------------------------------------------
1. Names of Reporting Persons Verizon Communications Inc.
I.R.S. Identification Nos. of above persons 23-2259884
(entities only)
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (see instructions)
(a)
(b)
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (see instructions) Not applicable
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e) None
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization State of Delaware
--------------------------------------------------------------------------------
Number of 7. Sole Voting Power
Shares Class D Shares: 28,009,177*
Beneficially ADSs: 4,001,311
Owned by ----------------------------------------------------------------
Each 8. Shared Voting Power
Reporting Class D Shares: None
Person With ADSs: None
----------------------------------------------------------------
9. Sole Dispositive Power
Class D Shares: 28,009,177*
ADSs: 4,001,311
----------------------------------------------------------------
10. Shared Dispositive Power
Class D Shares: None
ADSs: None
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each
Reporting Person
Class D Shares 28,009,177*
ADSs: 4,001,311
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11)
Excludes Certain Shares(see instructions) Not applicable
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in
Row (11) 6.5% (the 4,001,311 ADSs
represent 28,009,177 Class
D Shares, which represent
approximately 6.5% of the
total Class D Shares
outstanding).
--------------------------------------------------------------------------------
14. Type of Reporting Person (see instructions) HC
--------------------------------------------------------------------------------
* The 4,001,311 ADSs represent 28,009,177 Class D Shares. Because the holder may
exchange ADSs for Class D Shares, the Reporting Persons may be deemed to
beneficially own 28,009,177 Class D Shares.
-2-
CUSIP No. P3055Q103 (Class D Shares)
204429101 (ADSs)
--------------------------------------------------------------------------------
1. Names of Reporting Persons GTE Corporation
I.R.S. Identification Nos. of above persons
(entities only) 13-1678633
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (see instructions)
(a)
(b)
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (see instructions) Not applicable
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e) None
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization State of New York
--------------------------------------------------------------------------------
Number of 7. Sole Voting Power
Shares Class D Shares: 28,009,177*
Beneficially ADSs: 4,001,311
Owned by ----------------------------------------------------------------
Each 8. Shared Voting Power
Reporting Class D Shares: None
Person With ADSs: None
----------------------------------------------------------------
9. Sole Dispositive Power
Class D Shares: 28,009,177*
ADSs: 4,001,311
----------------------------------------------------------------
10. Shared Dispositive Power
Class D Shares: None
ADSs: None
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each
Reporting Person
Class D Shares 28,009,177*
ADSs: 4,001,311
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11)
Excludes Certain Shares(see instructions) Not applicable
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in 6.5% (the 4,001,311 ADSs
Row (11) represent 28,009,177 Class
D Shares, which represent
approximately 6.5% of the
total Class D Shares
outstanding).
--------------------------------------------------------------------------------
14. Type of Reporting Person (see instructions) HC
--------------------------------------------------------------------------------
* The 4,001,311 ADSs represent 28,009,177 Class D Shares. Because the holder may
exchange ADSs for Class D Shares, the Reporting Persons may be deemed to
beneficially own 28,009,177 Class D Shares.
-3-
CUSIP No. P3055Q103 (Class D Shares)
204429101 (ADSs)
--------------------------------------------------------------------------------
1. Names of Reporting Persons Verizon International
Holdings Inc.
I.R.S. Identification Nos. of above persons 06-1460807
(entities only)
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (see instructions)
(a)
(b)
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (see instructions) Not applicable
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e) None
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization State of Delaware
--------------------------------------------------------------------------------
Number of 7. Sole Voting Power
Shares Class D Shares: 28,009,177*
Beneficially ADSs: 4,001,311
Owned by ----------------------------------------------------------------
Each 8. Shared Voting Power
Reporting Class D Shares: None
Person With ADSs: None
----------------------------------------------------------------
9. Sole Dispositive Power
Class D Shares: 28,009,177*
ADSs: 4,001,311
----------------------------------------------------------------
10. Shared Dispositive Power
Class D Shares: None
ADSs: None
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each
Reporting Person
Class D Shares 28,009,177*
ADSs: 4,001,311
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11)
Excludes Certain Shares(see instructions) Not applicable
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in 6.5% (the 4,001,311 ADSs
Row (11) represent 28,009,177 Class
D Shares, which represent
approximately 6.5% of the
total Class D Shares
outstanding).
--------------------------------------------------------------------------------
14. Type of Reporting Person (see instructions) HC
--------------------------------------------------------------------------------
* The 4,001,311 ADSs represent 28,009,177 Class D Shares. Because the holder may
exchange ADSs for Class D Shares, the Reporting Persons may be deemed to
beneficially own 28,009,177 Class D Shares.
-4-
CUSIP No. P3055Q103 (Class D Shares)
204429101 (ADSs)
--------------------------------------------------------------------------------
1. Names of Reporting Persons GTE Venezuela S.a.r.l.
I.R.S. Identification Nos. of above persons
(entities only) Not applicable
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (see instructions)
(a)
(b)
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (see instructions) Not applicable
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e) None
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization Luxembourg
--------------------------------------------------------------------------------
Number of 7. Sole Voting Power
Shares Class D Shares: 28,009,177*
Beneficially ADSs: 4,001,311
Owned by ----------------------------------------------------------------
Each 8. Shared Voting Power
Reporting Class D Shares: None
Person With ADSs: None
----------------------------------------------------------------
9. Sole Dispositive Power
Class D Shares: 28,009,177*
ADSs: 4,001,311
----------------------------------------------------------------
10. Shared Dispositive Power
Class D Shares: None
ADSs: None
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each
Reporting Person
Class D Shares 28,009,177*
ADSs: 4,001,311
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11)
Excludes Certain Shares(see instructions) Not applicable
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in 6.5% (the 4,001,311 ADSs
Row (11) represent 28,009,177 Class
D Shares, which represent
approximately 6.5% of the
total Class D Shares
outstanding).
--------------------------------------------------------------------------------
14. Type of Reporting Person (see instructions) HC
--------------------------------------------------------------------------------
* The 4,001,311 ADSs represent 28,009,177 Class D Shares. Because the holder may
exchange ADSs for Class D Shares, the Reporting Persons may be deemed to
beneficially own 28,009,177 Class D Shares.
-5-
CUSIP No. P3055Q103 (Class D Shares)
204429101 (ADSs)
--------------------------------------------------------------------------------
1. Names of Reporting Persons GTE Venholdings B.V.
I.R.S. Identification Nos. of above persons
(entities only) 98-0347727
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (see instructions)
(a)
(b)
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (see instructions) Not applicable
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e) None
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization Netherlands
--------------------------------------------------------------------------------
Number of 7. Sole Voting Power
Shares Class D Shares: 28,009,177*
Beneficially ADSs: 4,001,311
Owned by ----------------------------------------------------------------
Each 8. Shared Voting Power
Reporting Class D Shares: None
Person With ADSs: None
----------------------------------------------------------------
9. Sole Dispositive Power
Class D Shares: 28,009,177*
ADSs: 4,001,311
----------------------------------------------------------------
10. Shared Dispositive Power
Class D Shares: None
ADSs: None
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each
Reporting Person
Class D Shares 28,009,177*
ADSs: 4,001,311
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11)
Excludes Certain Shares(see instructions) Not applicable
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in 6.5% (the 4,001,311 ADSs
Row (11) represent 28,009,177 Class
D Shares, which represent
approximately 6.5% of the
total Class D Shares
outstanding).
--------------------------------------------------------------------------------
14. Type of Reporting Person (see instructions) HC
--------------------------------------------------------------------------------
* The 4,001,311 ADSs represent 28,009,177 Class D Shares. Because the holder may
exchange ADSs for Class D Shares, the Reporting Persons may be deemed to
beneficially own 28,009,177 Class D Shares.
-6-
AMENDMENT NO. 10 TO SCHEDULE 13D
This is the tenth amendment ("Amendment No. 10") to the Statement on
Schedule 13D originally filed by GTE Corporation and GTE Venezuela Incorporated
on December 9, 1996 and amended on December 18, 1996, December 23, 1998, July
13, 2000, October 10, 2001, October 16, 2001, October 22, 2001, November 5,
2001, December 6, 2001, and March 6, 2002, relating to the Class D Common
Shares, nominal value Bs. 36.90182224915 per share (the "Class D Shares"), and
American Depository Shares, each representing seven Class D Shares (the "ADSs")
of Compania Anonima Nacional Telefonos de Venezuela (the "Issuer"). Capitalized
terms used herein but not defined have the meanings ascribed to them in the
initial Statement on Schedule 13D, as amended through the date hereof (the
"Schedule 13D"). The Schedule 13D is hereby amended as follows:
ITEM 2. IDENTITY AND BACKGROUND
Item 2 is hereby amended to read in its entirety as follows:
This statement is being filed by Verizon Communications Inc. ("Verizon"),
and by its subsidiary, GTE Corporation ("GTE"), and its indirect subsidiaries,
Verizon International Holdings Inc. ("Verizon International"), GTE Venezuela S.a
r.l. ("GTE S.a r.l.") and GTE Venholdings B.V. ("GTE Venholdings"). Verizon,
GTE, Verizon International, GTE S.a r.l. and GTE Venholdings are sometimes
referred to herein as the "Reporting Persons."
Verizon, formed by the merger in June 2000 of Bell Atlantic Corporation
and GTE, is one of the world's leading providers of communications services.
Verizon's domestic wireline telecommunications business provides local telephone
services, including broadband, in 28 states and Washington, D.C. and nationwide
long-distance and other communications products and services. Verizon's domestic
wireless business, operating as Verizon Wireless, provides wireless voice and
data products and services across the United States using one of the most
extensive wireless networks. Information Services operates directory publishing
businesses and provides electronic commerce services. Verizon's International
segment includes wireline and wireless communications operations and investments
in the Americas and Europe. In connection with the closing of the merger of a
subsidiary of Verizon with MCI, Inc. (MCI), which occurred on January 6, 2006,
Verizon now owns and operates one of the most expansive end-to-end global
Internet Protocol (IP) networks which includes over 270,000 domestic and 360,000
international route miles of fiber optic cable and provides access to over 140
countries worldwide.
GTE Venholdings acts as a holding company for Verizon's investment in
Issuer. GTE S.a r.l. owns 99.9% of the equity of GTE Venholdings and is a
wholly-owned subsidiary of Verizon International. Verizon International owns
0.1% of the equity of GTE Venholdings. GTE owns a majority of the common stock
of Verizon International and Verizon is the indirect owner of all of the stock
of the other shareholders of Verizon International. Verizon owns 95.24% of the
common stock of GTE and another wholly-owned subsidiary of Verizon owns the
remaining 4.76% of the common stock of GTE. The principal business office of
Verizon and GTE is 140 West Street, New York, New York 10007. The principal
business office of Verizon International is 600 Hidden Ridge Drive, Irving,
Texas 75038. The principal business address of GTE S.a r.l. is 5, rue Guillaume
Kroll, L-1882, Luxembourg. GTE Venholding's principal business address is
Naritaweg 165, Amsterdam, The Netherlands 1043 BW.
The name, residence or business address, principal occupation or
employment and citizenship of each of the executive officers and directors of
the Reporting Persons are set forth in Schedule I hereto.
Within the last five years, none of the Reporting Persons, nor, to the
best of the Reporting Persons' knowledge, any of persons listed on Schedule I
have been convicted in a criminal proceeding (excluding traffic violations and
similar misdemeanors) or have been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result of such
proceeding was or is subject a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
ITEM 4. PURPOSE OF TRANSACTION
The information in Item 4 of the Schedule 13D is hereby amended by adding
the following at the end thereof:
-7-
On April 3, 2006, GTE S.a.r.l. and Verizon International (together with
GTE S.a.r.l., the "Sellers") entered into a Stock Purchase Agreement (the "Stock
Purchase Agreement"), with Oarsman Investments B.V. (the "Buyer"), a Netherlands
private company with limited liability jointly owned by Telefonos de Mexico S.A.
de C.V. and America Movil, S.A. de C.V. ("AMS"), pursuant to which Sellers will
sell to Buyer all of the issued and outstanding capital stock of GTE Venholdings
for an aggregate purchase price of US$676,568,000 (the "Sale"). As described
herein, GTE Venholdings beneficially owns 4,001,311 ADSs representing an
aggregate of 28,009,177 Class D Shares, which is approximately 6.5% of the total
Class D Shares outstanding. GTE Venholdings also beneficially owns 196,401,427
Class A shares, representing approximately 78% of the Issuer's total Class A
shares outstanding. In the aggregate, GTE Venholdings owns ADSs and Class A
shares that represent 28.51% of the Issuer's issued and outstanding equity share
capital. A copy of the Stock Purchase Agreement is filed as Exhibit 1 hereto and
is incorporated herein by reference. The obligation of Sellers and Buyer to
consummate the Sale is subject to satisfaction of certain conditions set forth
in the Stock Purchase Agreement, including the receipt of certain regulatory and
other approvals, clearances and relief required and/or requested pursuant to
Venezuelan and U.S. law.
Under the terms of the Stock Purchase Agreement, the Buyer is required to
commence, within 10 business days of the closing of the Sale, concurrent tender
offers in Venezuela and the United States (the "Tender Offers") to acquire any
and all of the issued and outstanding shares of capital stock of the Issuer,
including all Class A shares, Class D Shares and all such shares underlying the
ADSs, other than capital stock or ADSs beneficially owned by GTE Venholdings
(collectively, the "Remaining Shares"). The price to be offered for all
Remaining Shares (other than ADSs) in the Venezuelan Tender Offer will be the
Venezuelan bolivar equivalent of US$3.0149 per share, calculated using the
official Banco Central de Venezuela exchange rate as of the date determined in
accordance with applicable law in Venezuela. The offer price in the Venezuelan
Tender Offer will be payable in bolivars or, at the election of the tendering
shareholder and to the extent permitted by applicable law in Venezuela, in US
dollars in an amount equal to US$3.0149 per share. The price to be offered for
ADSs in the U.S. Tender Offer will be US$21.1041 per ADS. The Buyer's obligation
to consummate the Tender Offers will be subject to the satisfaction of certain
conditions described in the Stock Purchase Agreement, including receipt of
required regulatory approvals.
Pursuant to the Stock Purchase Agreement, Sellers have agreed to vote or
cause GTE Venholdings to vote the Issuer capital stock beneficially owned by
them or their affiliates in accordance with the provisions of Section 5.4(b) of
the Stock Purchase Agreement. Sellers have agreed that upon the sale of the
shares of the Issuer beneficially owned by them, they will cause the employees
of any affiliates of Sellers who are directors of the Company to tender their
resignations. Buyer has agreed to vote or cause GTE Venholdings to vote the
Issuer capital stock beneficially owned by it after the closing of the Sale in
favor of accepting such resignation.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 is hereby amended to read in its entirety as follows:
(a) The Reporting Persons beneficially own 4,001,311 ADSs, each
representing seven Class D Shares. Based upon information furnished by the
Issuer, the Class D Shares represented by these ADSs represent approximately
6.5% of the total number of outstanding Class D Shares. To the best of the
Reporting Persons' knowledge, none of the persons listed in Schedule I to the
Schedule 13D owns beneficially any Class D Shares or ADSs representing Class D
Shares.
(b) The Reporting Persons have the sole power to vote and the sole power
to dispose of the ADSs and the Class D Shares represented thereby as held by
each of them.
(c) In the past sixty days from the date of this statement, none of the
Reporting Persons has purchased or sold any ADSs or Class D Shares.
(d) - (e) Not Applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
Item 6 is amended by inserting the following immediately after the last
paragraph thereof:
-8-
The description of the Stock Purchase Agreement contained in Item 4 above
is hereby incorporated into this Item 6 in its entirety.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
----------- -----------
1 Stock Purchase Agreement, dated as of April 2, 2006, by and among
GTE S.a.r.l., Verizon International and Oarsman Investments B.V.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: April 3, 2006
VERIZON COMMUNICATIONS INC.
/s/ John W. Diercksen
-----------------------------------------
By: John W. Diercksen
GTE CORPORATION
/s/ Marianne Drost
-----------------------------------------
By: Marianne Drost
VERIZON INTERNATIONAL HOLDINGS INC.
/s/ Christopher M. Bennett
-----------------------------------------
By: Christopher M. Bennett
GTE VENEZUELA S.A.R.L.
BY: VERIZON INTERNATIONAL HOLDINGS INC.,
MANAGER
/s/ Christopher M. Bennett
-----------------------------------------
By: Christopher M. Bennett
GTE VENHOLDINGS B.V.
BY: VERIZON INTERNATIONAL HOLDINGS INC.,
MANAGING DIRECTOR
/s/ Christopher M. Bennett
-----------------------------------------
By: Christopher M. Bennett
-9-
SCHEDULE I
VERIZON COMMUNICATIONS INC. - 140 WEST STREET NEW YORK, NEW YORK 10007
(a) Executive Officers
Name Principal Occupation Citizenship
---- -------------------- -----------
Ivan G. Seidenberg Chairman and Chief Executive Officer United States
Verizon Communications Inc.
Lawrence T. Babbio, Jr. Vice Chairman and President United States
Verizon Communications Inc.
William P. Barr Executive Vice President United States
and General Counsel
Verizon Communications Inc.
Thomas A. Bartlett Senior Vice President and Controller United States
Verizon Communications Inc.
John W. Diercksen Executive Vice President-Strategy, United States
Development and Planning
Verizon Communications Inc.
Marianne Drost Senior Vice President, Deputy General United States
Counsel and Corporate Secretary
Verizon Communications Inc.
John F. Killian President - Verizon Business United States
Verizon Communications Inc.
Marc C. Reed Executive Vice President United States
Human Resources
Verizon Communications Inc.
Virginia P. Ruesterholz President - Verizon Telecom United States
Verizon Communications Inc.
Dennis F. Strigl Executive Vice President and President United States
and Chief Executive Officer - Verizon
Wireless
Verizon Communications Inc.
Thomas J. Tauke Executive Vice President United States
Public Affairs, Policy and Communications
Verizon Communications Inc.
Doreen A. Toben Executive Vice President and Chief United States
Financial Officer
Verizon Communications Inc.
Catherine T. Webster Senior Vice President and Treasurer United States
Verizon Communications Inc.
-10-
(b) Directors
Name Principal Occupation Citizenship
---- -------------------- -----------
James R. Barker Chairman, The Interlake Steamship Co. United States
and New England Fast Ferry Co. and Vice
Chairman, Mormac Marine Group, Inc. and
Moran Towing Corporation
Richard L. Carrion Chairman, President and United States
Chief Executive Officer,
Popular, Inc. and Chairman and Chief
Executive Officer,
Banco Popular de Puerto Rico
Robert W. Lane Chairman and Chief Executive Officer, United States
Deere & Company
Sandra O. Moose President, United States
Strategic Advisory Services, LLC
Joseph Neubauer Chairman and Chief Executive Officer, United States
ARAMARK Corporation
Donald T. Nicolaisen Former Chief Accountant, Unite States
United States Securities and Exchange
Commission
Thomas H. O'Brien Retired Chairman and Chief Executive United States
Officer
The PNC Financial Services Group, Inc.
and PNC Bank, N.A.
Clarence Otis, Jr. Chairman and Chief Executive Officer, United States
Darden Restaurants, Inc.
Hugh B. Price Senior Fellow, United States
The Brookings Institution
Ivan G. Seidenberg Chairman and Chief Executive Officer, United States
Verizon Communications Inc.
Walter V. Shipley Retired Chairman, United States
The Chase Manhattan Corporation
John R. Stafford Retired Chairman of the Board, United States
Wyeth
Robert D. Storey Retired Partner, United States
Thompson Hine LLP
-11-
GTE CORPORATION - 140 WEST STREET NEW YORK, NEW YORK 10007
(a) Executive Officers
Name Principal Occupation Citizenship
---- -------------------- -----------
Ivan G. Seidenberg Chairman and Chief Executive Officer United States
Verizon Communications Inc.
Thomas A. Bartlett Senior Vice President and Controller United States
Verizon Communications Inc.
Marianne Drost Senior Vice President, Deputy General United States
Counsel and Corporate Secretary
Verizon Communications Inc.
Catherine T. Webster Senior Vice President and Treasurer United States
Verizon Communications Inc.
(b) Directors
Name Principal Occupation Citizenship
---- -------------------- -----------
Marianne Drost Senior Vice President, Deputy General United States
Counsel and Corporate Secretary
Verizon Communications Inc.
Ivan G. Seidenberg Chairman and Chief Executive Officer United States
Verizon Communications Inc.
Catherine T. Webster Senior Vice President and Treasurer United States
Verizon Communications Inc.
-12-
VERIZON INTERNATIONAL HOLDINGS INC.- 600 HIDDEN RIDGE DRIVE IRVING, TX 75038
(a) Executive Officers
Name Principal Occupation Citizenship
---- -------------------- -----------
Daniel C. Petri Group President - International United States
Verizon International Holdings Inc.
Christopher M. Bennett Vice President and General Counsel - United States
International
Verizon International Holdings Inc.
Edward J. McQuaid Vice President and Chief Financial United States
Officer - International
Verizon International Holdings Inc.
John J. Lack Senior Vice President - International United States
Operations
Verizon International Holdings Inc.
(b) Directors
Name Principal Occupation Citizenship
---- -------------------- -----------
Marianne Drost Senior Vice President, Deputy General United States
Counsel and Corporate Secretary
Verizon Communications Inc.
Edward J. McQuaid Vice President and Chief Financial Officer United States
- International
Verizon International Holdings Inc.
Daniel C. Petri Group President - International United States
Verizon International Holdings Inc.
-13-
GTE VENEZUELA S.A R.L. - 5, RUE GUILLAUME KROLL
L-1882 LUXEMBOURG
The Manager of GTE Venezuela S.a r.l. is Verizon International Holdings Inc.
There are no natural persons serving as directors or executive officers of
GTE Venezuela S.a r.l.
GTE VENHOLDINGS B.V. - NARITAWEG 165
AMSTERDAM
THE NETHERLANDS 1043 BW
The Managing Director of GTE Venholdings B.V. is Verizon International
Holdings Inc. There are no natural persons serving as directors or executive
officers of GTE Venholdings B.V.
-14-
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
----------- -----------
1 Stock Purchase Agreement, dated as of April 2, 2006, by and among
GTE S.a.r.l., Verizon International and Oarsman Investments B.V.
-15-